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Salt Lake City Bookkeeping Blog

The Factoring Process: What You Need to Know About Selling Your Receivables

Posted by Leanne Armstrong on Dec 19, 2018 9:00:00 AM

We’ve said it before, but it’s well worth repeating: cash flow is the lifeblood of every successful business. It’s often a lack of liquidity, in fact – rather than a shortage of sales – that prevents newer companies from growing. One way to keep your business afloat during a cash flow shortfall is to sell your accounts receivable invoices to a factoring company. Factoring doesn’t come free, however. So here’s what you need to know before exploring it further.

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Topics: Factoring, Factoring Invoices, Accounts Receivable, Cash Flow